In the current market situation, the art of "smart selling" has quietly surpassed "precise buying". This round of bull market is very different from the golden age of the past. Those legendary stories that can easily reap thousands of times the return by rushing into the market with only a passion are gradually becoming a thing of the past.
The reason is the fundamental change in the market ecology. The strong entry of a large number of professional institutions is like a giant ship entering shallow waters, stirring up waves. Market makers have also evolved from simple "pulling" games to more sophisticated strategic gamers, and the level of the entire market has been pushed to an unprecedented height.
For retail investors, this is both a challenge and an opportunity. The old buying and selling rules need to keep pace with the times, and cognitive abilities need to be upgraded iteratively. We can no longer stick to the old logic, but must have the courage to break the rules and look at the market from a new perspective.
Take the simple indicator of market value as an example. In the past, we may have habitually stared at the circulating market value, but now, why not change our thinking? If you are an investment institution with a lot of money, how would you choose? Will you continue to focus on the circulating market value, or will you turn your attention to the more comprehensive total market value? The pricing logic of investment institutions often contains deeper market insights and considerations.
This is just an introduction, reminding us that every decision in the market needs to be carefully considered and reconstruct our investment philosophy. In this ever-changing market, only by continuous learning and courage to explore can we seize those fleeting opportunities and keep the investment ship moving forward steadily.
